Negative Outlook for Industry in 2009

The 2009 outlook for the food industry, particularly the packaged goods segment, is negative, Moody's Investors Service said yesterday.

NEW YORK — The 2009 outlook for the food industry, particularly the packaged goods segment, is negative, Moody's Investors Service here said yesterday. The reason for the negative view, according to Brian Weddington, vice president and senior analyst for the ratings service, is commodity prices, “[which] are posed to further surpass historical averages, squeezing profit margins and putting cash flow at risk for most companies." There are some positive signs, however, he pointed out. "Although

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